Monthly Archives: November 2011

Back in February, Enda Kenny said that if elected to government Fine Gael wouldn’t put “another cent” of taxpayers’ money into Anglo Irish Bank. Kenny also said “The junior, and senior, and non-guaranteed bondholders are going to have to pay the price”. These populist statements and promises were cynically made during an election campaign simply to get votes. Now that he is Taoiseach, Enda Kenny has done another u-turn and is handing over not just a few cent to pay off Anglo’s debts – his government is handing over billions!

The crew of the MV Saoirse and the Tahrir remain in custody in Givon Prison. Reports have emerged of violence used when the ship was hijacked by the Israeli Navy, and from a telephone conversation with Paul we have learned that the crew have been severely mistreated in prison ( see here )

Warren Buffet, one of the richest men in the world said earlier this year that “There has been class warfare going on... and my class isn’t just winning, I mean we’re killing them”. The onset of neo-liberal capitalism in the late 1970s that saw a shift away from manufacturing because the rate of profit for the corporations therein had flatlined, towards a finance capitalism in particular, facilitated a huge squeezing of the US working class, dashing the American Dream for the majority and massively increasing the wealth of the tiny minority of super-rich.

Socialist Party councillor Mick Barry this morning said that the Government's plans to hand over 715 million euro tomorrow for unsecured unguaranteed Anglo Irish Bank bonds represents a betrayal of ordinary Irish taxpayers.